Binance Coin (BNB) has seen strong bullish momentum on the weekly timeframe, with the asset aiming to break above a critical resistance level at $662. Analysts suggest that a close above this level could lead to a rally towards $1630, driven by consistent higher lows and a recent volume spike. The RSI and MACD indicators have both turned bullish, signaling increased buying pressure and supporting the potential for a significant price rise.
The liquidation heatmap for Binance Coin shows key levels between $600 and $647, with strong support near the $600 mark. If BNB can maintain its position above $662, the next rally might push the price towards $1630. On-chain data for Binance USD also shows a significant number of addresses in the money, suggesting growing interest in the token and potential for further price appreciation.
Overall, BNB is well-positioned for a continued uptrend if it can secure a weekly close above $662. The asset’s technical indicators and market data point towards a bullish scenario, with the possibility of reaching new all-time highs in the future. Traders are closely watching key resistance levels and liquidation points to gauge market sentiment and potential price movements. With a strong support base and growing confidence among traders, Binance Coin could be on track for a historic price rally in the near future.
